I am certain that over the last few years the banks, credit default swap folks, bond issuers, and every other charlitan financial vendor, has done all they can to extract immediate cash, and f...k Detroit.

Not that the unions didn't probably get a bit rich with their bennies....but the union workers did WORK in Detriot for years and years until they retired.

Over the last week the bankruptcy judge hearing the City of Detroit’s case has been taking testimony in order to decide if the municipal bankruptcy filed by Detroit's emergency manager Kevyn Orr meets the Chapter 9 bankruptcy statute's requirement that BEFORE filing bankruptcy the emergency manager must make "good faith" efforts to avoid the bankruptcy.

One revelation during the hearings is that Kevyn Orr is not paid by the City of Detroit or by the State of Michigan. Kevyn Orr was being paid by a private fund controlled by Governor Synder. The names of the “donors” to this private fund are secret.

Something is very wrong with this picture.

I predict that the bankruptcy judge will find that the bankruptcy filing by Orr is void – because the filing was pre-meditated and there was no good faith effort to avoid the bankruptcy.

Kevyn Orr is a Jones Day attorney.

There is about 20 billion dollars at stake in the Detroit bankruptcy – who will be paid and who will take a hit?

Will the banks and the credit default swap folks get back 90% of their money while the Detroit retirees get pennies?

Who will be blowing in the ear of Jones Day? Little retirees from Detroit? Or the banks? and financial snakes?

Just because a city is broke doesn't mean it doesn't pay to be in the bankruptcy end of the legal trade. There is always money for counsel in a bankruptcy - that's the way bankruptcy legislation is written. And the bankruptcy code is esoteric, so you need really experienced, skilled, dedicated folks to navigate for the municipality. Right?

If the bankrupcy judge determines that Kevyn Orr, guided by Jones Day, failed to exercise good faith towards resolution prior to filing bankruptcy, would it be reasonable to request counsel return all their fees?

It is a clear conflict of emergency manager Kevyn Orr to have hired Jones Day, the law firm from which he just resigned to take the emergency manager job - to be the City of Detroit's bankrupcty counsel.

"As in previous days, Orr frequently stated “I don’t know” to and “I don’t recall” and offered evasive responses during his testimony. In one instance, Orr claimed he did not remember whether he had asked Governor Rick Snyder for state funds to preserve Detroit pensions, at which point Judge Steven Rhodes replied incredulously, “You don’t remember asking the governor to write a check for $3.5 billion dollars?”

Mr. Orr, pursuant to the bankruptcy code - must show he made a good faith effort to negociate prior to bankrupcy in an effort to avoid filing bankruptcy.

Without asking the Governor, and the State , to help bail out Detroit, Mr. Orr has failed the "good faith" avoidance test.

The Judge's question: “You don’t remember asking the governor to write a check for $3.5 billion dollars?” is critical.